11/26 Talk about Korea's national health insurance and pension system.

When it comes to health insurance in Korea, almost everyone is covered under a universal system.
* universal system: 범용 체계
* be covered under: ~에 의해 보장받다.
ex> Korea has a universal healthcare system under which everyone is covered.

The monthly insurance fee is determined by factors such as your income, property value, and even what kind of car you drive.

There is a different category of private health insurance policies too.
* private health insurance: 사설 의료 보험
ex> People with private health insurance get extra coverage for major illnesses like cancer.

These mainly target life-threatening illnesses such as cancer.

Most people with an income are bound by law to join this pension system.
* be bound by law: 법적인 의무가 있다.
ex> Men are bound by law to serve in the military.

@ It's first come, first served.  선착순이야.
* We have to head down extra early.  시작 전에 한참 일찍 도착해야 돼.